85.1k views
1 vote
Sabina makes $2,000 per month. She spends $150 on store credit and $250 on an auto loan each month. Does she have excessive debt?

A.)Yes, because her debt-to-income ratio is higher than 36 percent.
B.)No, because her debt-to-income ratio is lower than 36 percent.
C.)No, because her debt-to-income ratio lower than 42 percent.
D.)Yes, because her debt-to-income ratio is 50 percent.

User Kaufman
by
7.6k points

2 Answers

4 votes

Answer:

A or B

Explanation:

User MadsterMaddness
by
9.0k points
2 votes

Answer:

Should be B, No because her debt-to-income ratio is lower than 36 percent.

Explanation:

User Bdhar
by
8.0k points